Federated Hermes – Improving ESG through active engagement with portfolio companies

This case study is set in May 2021. It describes how Sarah Lee, Director of Engagement at Federated Hermes (FH) has been engaging with Ruby Goods (Ruby), a consumer goods company that operates in Asia, Europe, Latin America and the United States, to reduce greenhouse gas (GHG) emissions in its dairy...

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Main Authors: GOH, Kenneth, ANG, Jovina
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2021
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Online Access:https://ink.library.smu.edu.sg/cases_coll_all/370
https://smu.sharepoint.com/:b:/r/sites/admin/CMP/cases/SMU-21-BATCH%20%5bPDF-Pic%5d/SMU-21-0015%20%5bFederated%20Hermes%5d/SMU-21-0015%20Federated%20Hermes%20(A4).pdf?csf=1&web=1&e=1xBY0G
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spelling sg-smu-ink.cases_coll_all-13772022-06-22T09:42:06Z Federated Hermes – Improving ESG through active engagement with portfolio companies GOH, Kenneth ANG, Jovina This case study is set in May 2021. It describes how Sarah Lee, Director of Engagement at Federated Hermes (FH) has been engaging with Ruby Goods (Ruby), a consumer goods company that operates in Asia, Europe, Latin America and the United States, to reduce greenhouse gas (GHG) emissions in its dairy operations. The case illustrates how an external stakeholder, an investment management company with minimal formal organisational authority, can influence and drive ESG (environmental, social and governance) performance improvements. While Lee was successful in getting Ruby to streamline its ESG approach and establish the Ruby Corporate Responsibility Council to drive company-wide ESG initiatives, she encountered resistance from Ruby’s senior management and the board to commit to the more ambitious science-based targets critical for achieving carbon neutrality by 2050. What should she do to pressure Ruby’s senior management into commitment and action while preserving FH’s carefully cultivated relationships with Ruby’s senior management? Students will learn to 1) Adopt an active engagement framework to drive ESG performance, 2) Tap into the different sources of power to increase influence as an external third-party stakeholder, and 3) Build coalitions to effect change as an external stakeholder. 2021-08-01T07:00:00Z text https://ink.library.smu.edu.sg/cases_coll_all/370 https://smu.sharepoint.com/:b:/r/sites/admin/CMP/cases/SMU-21-BATCH%20%5bPDF-Pic%5d/SMU-21-0015%20%5bFederated%20Hermes%5d/SMU-21-0015%20Federated%20Hermes%20(A4).pdf?csf=1&web=1&e=1xBY0G Case Collection eng Institutional Knowledge at Singapore Management University sustainable business practices social investments green business power and influence change agents investment funds Management Sciences and Quantitative Methods Strategic Management Policy
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic sustainable business practices
social investments
green business
power and influence
change agents
investment funds
Management Sciences and Quantitative Methods
Strategic Management Policy
spellingShingle sustainable business practices
social investments
green business
power and influence
change agents
investment funds
Management Sciences and Quantitative Methods
Strategic Management Policy
GOH, Kenneth
ANG, Jovina
Federated Hermes – Improving ESG through active engagement with portfolio companies
description This case study is set in May 2021. It describes how Sarah Lee, Director of Engagement at Federated Hermes (FH) has been engaging with Ruby Goods (Ruby), a consumer goods company that operates in Asia, Europe, Latin America and the United States, to reduce greenhouse gas (GHG) emissions in its dairy operations. The case illustrates how an external stakeholder, an investment management company with minimal formal organisational authority, can influence and drive ESG (environmental, social and governance) performance improvements. While Lee was successful in getting Ruby to streamline its ESG approach and establish the Ruby Corporate Responsibility Council to drive company-wide ESG initiatives, she encountered resistance from Ruby’s senior management and the board to commit to the more ambitious science-based targets critical for achieving carbon neutrality by 2050. What should she do to pressure Ruby’s senior management into commitment and action while preserving FH’s carefully cultivated relationships with Ruby’s senior management? Students will learn to 1) Adopt an active engagement framework to drive ESG performance, 2) Tap into the different sources of power to increase influence as an external third-party stakeholder, and 3) Build coalitions to effect change as an external stakeholder.
format text
author GOH, Kenneth
ANG, Jovina
author_facet GOH, Kenneth
ANG, Jovina
author_sort GOH, Kenneth
title Federated Hermes – Improving ESG through active engagement with portfolio companies
title_short Federated Hermes – Improving ESG through active engagement with portfolio companies
title_full Federated Hermes – Improving ESG through active engagement with portfolio companies
title_fullStr Federated Hermes – Improving ESG through active engagement with portfolio companies
title_full_unstemmed Federated Hermes – Improving ESG through active engagement with portfolio companies
title_sort federated hermes – improving esg through active engagement with portfolio companies
publisher Institutional Knowledge at Singapore Management University
publishDate 2021
url https://ink.library.smu.edu.sg/cases_coll_all/370
https://smu.sharepoint.com/:b:/r/sites/admin/CMP/cases/SMU-21-BATCH%20%5bPDF-Pic%5d/SMU-21-0015%20%5bFederated%20Hermes%5d/SMU-21-0015%20Federated%20Hermes%20(A4).pdf?csf=1&web=1&e=1xBY0G
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